Greenway Auto Group avoids restitution and admission of wrongdoing in its settlement with the FTC but could face steep fines for future offenses. +
Wholesale values fell sharply in the third quarter, forcing Cox Automotive to dramatically revise its year-end forecast from a 2% gain to just 0.2%. +
The Federal Trade Commission has dismissed a complaint alleging systematic payment packing at three Texas dealerships owned by Asbury Automotive. +
Atlantic Kia’s Marina Letsios announced the rollout of Argus360 and AiF&I, two new tools designed to help dealers streamline documentation and F&I sales. +
Mazda, Honda and Subaru lead the pack as a strong September helps dealers avoid a weak third quarter for new car and light truck sales. +
Billed as an industry first, Ford Pro Advantage offers fleet dealers a two-tiered certified pre-owned program backed by business-friendly warranties. +
Walser Automotive has fortified its presence in the Minneapolis-St. Paul market with the addition of two Ford dealerships and a Chevrolet store. +
Franchised dealerships in America’s largest car market are subject to new rules pertaining to pricing, disclosures, documentation and the establishment of a three-day cooling-off period for used car buyers. +
Radar is now available to iPhone and Android users, offering scanning and alerts for violations of federal rules against deceptive pricing tactics. +
New payment technology gives TPAs, agents and dealers access to merchant processing, virtual card payments and ACH disbursements. +
